Connect with us

Breaking News

Aliko Dangote, NMDPRA feud: Stakeholders react as fuel price crashes across Nigerian filling stations

Published

on

The renewed feud between Aliko Dangote, President of Dangote Refinery, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed and fuel importers and marketers alike has pushed retail fuel prices to the lowest rate nationwide.....TAP TO CONTINUE READING

DAILY POST reports that on Sunday, Dangote made several accusations against the NMDPRA boss, including describing him as an economic saboteur for encouraging fuel imports despite his refinery’s capacity.

The billionaire investor further claimed that Ahmed paid up to $5 million, which is over N7 billion, as school tuition for his children in Switzerland., an allegation NMDPRA in July 2025 had dismissed as false.

The allegation was first made public by a coalition of civil society organizations under Lawyers in Defence of Good Governance.

While Dangote re-echoed the claims on Sunday, the CSO, in a statement on Monday by its director, Olawale Mudasiru, retracted their allegations against Ahmed on the basis that they were misinformation.

“Our initial allegations were based on misinformation. We have since discovered that Engr. Farouk Ahmed’s children were on scholarships and had completed their education before his appointment,” he said in a statement to DAILY POST.

Meanwhile, the allegation had already sent panic among stakeholders and players in the downstream sector.

DAILY POST reports that Dangote’s fresh attack on Ahmed comes at the instance of the former’s recent gantry fuel price reduction from N828 to N699 per liter to edge out importers whose ex-depot price as of last week stood at a minimum of N824 per liter.

Dangote, in his Sunday briefing, said Nigerians should not buy petrol in December and January for more than N740 per liter from Tuesday.

He vowed to fight with his resources to see that fuel prices are crashed.

Development industrial stakeholders described it as a market strategy for Dangote to force marketers to patronize his petrol and dominate the market.

Checks by DAILY POST showed that Bovas filling station in Abuja’s Wuse Zone 6 had crashed its retail fuel price to N865 per liter, down from N910 earlier on Monday.

Empire Energy, Ranoil in Gwarimpa, Abuja, have adjusted their pump to 912 and 910 per liter, respectively.

Nigerian National Petroleum Company Limited (NIPCO) and AA Rano filling stations in Abuja dispense petrol as of Monday night at N915, N905, and N910 per liter, respectively.

When DAILY POST called a filling station manager at MRS, who preferred anonymity, Monday evening, he confirmed that petrol has remained unchanged at N910 per liter but may come down from Tuesday.

Private depot owners such as Menj, Bovas, AA Rano, and Integrated reduced their pump price to N710 per liter, up from around N824 per liter.

Meanwhile, AYM Shafa, Raniol, and other ex-depot prices stood at N815 per liter.

Marketers begin impleming fuel price drop nationwide – IPMAN

The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, told DAILY POST exclusively that Nigerians would begin to see the petrol price drop implemented across filling stations from Tuesday to next week.

“So from Tuesday and next week, you will see the reactions and the dividends of this reduction in petroleum price,” he said.

Speaking on the feud between Dangote and Ahmed, he said that both need to collaborate for the benefit of Nigerians.

“I also believe that NMDPRA and Dangote should collaborate to ensure that there is a steady supply of petroleum products and to enable the masses to enjoy the benefits of this reduced price,” he appealed.

DAILY POST reports that despite the petrol price drop, road transportation cost has remained unchanged in Abuja and other major cities.

Dangote-Ahmed feud won’t benefit Nigerians, petrol price cut short-lived – PETROAN President, Gillis-Harry

On his part, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, in an interview with DAILY POST on Monday, dismissed claims that there were deliberate efforts to frustrate the operations of the Dangote Refinery, describing such narratives as “phantom talks” driven by industry rivalry and a struggle for dominance.

According to him, it is illogical for anyone acting in good faith to work against the functionality of a major national asset like the Dangote Refinery.

“How can anybody in their right senses find it a good thing to make the refinery not work? It’s just not possible,” he said.

“In my opinion, these are phantom talks playing around in the industry for dominance, for an oligarch to take over the industry,” he added.

He noted that there are already strong agreements in place to ensure that petrol produced by the Dangote Refinery is patronized before imported products, stressing that marketers are not opposed to local refining.

The PETROAN president, however, cautioned against what he described as unsustainable pricing strategies, following recent reductions in petrol prices by the refinery.

“If he wakes up and starts reducing prices, maybe he has a lot of money he wants to burn. At the end of the day, we will see how it plays out for Nigeria,” he stated.

He warned Nigerians not to be swayed by what he termed “Greek gifts,” arguing that artificially low petrol prices could destabilize the market and harm the economy in the long run.

“If petroleum product pricing is not correct, it is not a fair market price.

“Whether we are refiners, importers, or marketers, trying to play to the gallery with the populace is self-deceit,” he said.

The PETROAN boss stressed that inaccurate pricing could lead to serious challenges later, with severe consequences for Nigerians who rely daily on petrol, diesel, and aviation fuel.

“You may enjoy incorrect pricing for one week or one month, but what happens for the rest of your life? Nigerians will suffer when the push comes to shove,” he warned.

He concluded by urging stakeholders to avoid marketing tactics that may appear attractive in the short term but do not serve the long-term interest of Nigerians.

“It’s better for pricing to be accurate and correct. We need to stop these kinds of tactics that do not benefit Nigerians in the long run,” he added.

DAILY POST reported that Gillis-Harry had described Dangote’s claim against the NMDPRA CEO as blackmail and petty.

Meanwhile, the House of Representatives Committee on Petroleum Resources (Downstream) has called on Dangote and NMDPRA to cease hostility.

Recall that NMDPRA’s November industrial data said that out of the 52.9 million liters per day of petrol consumed by Nigerians, only 19.5 million liters per day were supplied by Dangote Refinery.

The data showed the country’s fuel petrol is still heavily dominated by fuel imports, the reason the Nigerian government had halted the implementation of a 15 percent import duty tax on refined petrol products.

Meanwhile, Dangote has expressed his displeasure over the regulator’s data.

In 2024, Dangote and Ahmed had engaged in a war of words over the claim that the former’s $20 billion refinery produces petrol products with high sulfur.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Breaking News

Oyo police intercepts truck conveuing explosives in Saki

Published

on

The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING

Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.

Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.

Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.

The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.

The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading

Breaking News

Benue: Armed bandits kill motorcyclist, injure woman in Apa LGA

Published

on

One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING

According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.

The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.

“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.

Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.

“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading

Breaking News

2026 UTME: JAMB scraps special privileges for albino candidates over malpractices

Published

on

The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING

The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.

As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.

Oloyede said the meeting was convened to review and assess previous admission exercises.

He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.

“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.

“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.

Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.

“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.

“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.

On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.

“Students who are already in school but want to change courses and are applying again must declare and disclose their status.

“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.

“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.

On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.

“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.

“This is to diversify the student population and admit eggheads from different communities,” he said.

He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.

On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.

“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.

The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.

The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.

On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.

“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.

He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.

Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.

He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.

On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.

He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.

Read The Full Article Here Now

 

👉 Are You A WhatsApp User? Do You Want To Get Our News As Fast As Possible On Daily Basis? 👉 Click This Link To Join WhatsApp Channel Now.

Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940

Continue Reading

PURPOSE ONLINE ACADEMY

Trending

All Right Reserved | Copyright © 2026 3ppleloaded News | Powered by 3ppleloaded.ng |